A Better Deepwater Drilling Stock

In today's "Where The Money Is" mailbag, Motley Fool energy analysts Taylor Muckerman and Joel South answer an investor who asks: Do you have an opinion on Oceaneering International(NYSE:OII)?

Oceaneering International is a "picks and shovels" investment in deepwater drilling: rather than investing in any particular drill site, you're buying into a company that rents drilling equipment. This can make it a safer investment, since you're not worried about the returns of any particular play -- and with deepwater drilling expanding, it can be a good entrance to a profitable niche. But could there be a better investment in this space?

Author

Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage.
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